Enterprise Estonia will continue with major investor support measure in 2018

Enterprise Estonia (EAS) is planning to continue with the major investor support measure this year. "The plan is to continue with the measure in 2018," EAS spokesperson Mariann Sudakov told BNS. More detailed information about the measure will be disclosed during the first quarter of 2018, reports LETA/BNS.

EAS last
year launched a major investor measure with a budget of 3 million euros, which
supports new, large-scale production investments in Estonia, including the
creation of production units and purchase of technology.

Enterprise
Estonia last year supported the construction of the Parnu plywood mill of the
Finnish forest management group Metsa Wood worth a total of up to 50 million
euros with two million euros from the major investor measure and also supported
the construction of a birch veneer and plywood factory of the company Estonian
Plywood in Jogeva County with one million euros from the measure.

The minimum
size of the investment made in the framework of the support last year was 10
million euros and the share of the support is up to 10% of eligible costs. The
support can be applied for by a company, the revenue of which during the
earlier financial year was at least 100 million euros. Favored are project,
which contribute to the growth areas of smart specialization and investments
that are made outside of the Tallinn city region.

EU economy’s future: slow but positive growthGrowth in all EU states will continue in 2019-20, though at a slower pace than before. The largest EU’s economies will grow at around 1,5-1,7%, mostly in Poland, Spain and Holland. The Baltic States’ growth will continue to be on the positive trend.